In this training, L&A actuarial consultant Kevin Cavanaugh breaks down the key differences and connections between Funding and GASB 67/68 and 74/75 actuarial reports. Using practical examples tailored to Illinois municipal governments and pension funds, Kevin explains how these reports complement each other to provide a complete view of your pension or OPEB plan’s health. Viewers will learn how to interpret key disclosures, understand common misconceptions, and apply insights from both reports to make more informed financial and policy decisions.